The two top meme assets traded through high-speed volatility windows, with Dogecoin rebounding sharply from heavy volume, while Shiba Inu broke key support before staging an aggressive intraday reversal.
News background
Broader crypto markets continued their risk-off rotation as sentiment remained pressured by concerns over the AI bubble, $800 million in Bitcoin ETF outflows and a lack of liquidity in speculative assets. The weak macroeconomic backdrop left meme currencies particularly exposed to volatility shocks.
Despite this, the behavior of large holders diverged between DOGE and SHIB. Dogecoin saw a rebound in institutional accumulation following two weeks of strong whale positioning, while SHIB faced elevated retail selling before buyers aggressively intervened at intraday lows.
No major token-specific catalysts drove the session’s moves, although traders monitored continued ETF-related discussions and whale positioning trends as key sentiment drivers.
Price Action Summary
Dogecoin
DOGE rose 3.0% to close at $0.1641, recovering from a sharp drop earlier in the session that lifted the price to $0.1551.
• Volume soared to 613 million during the test of support – 186% above the average of 214 million.
• The break above $0.1640 established an ascending intraday trend line
• Late trading kept DOGE in a consolidation band of $0.1638–$0.1643
The rally produced a clear pattern of rising lows, confirming the rotation of momentum despite widespread market weakness.
SHIB fell 2.0% from $0.000009233 to $0.000009045, breaking the daily support at $0.000009240.
• Strong sales at 08:00 GMT increased to 412.35 billion tokens, 67% above average.
• Price fell to $0.000008975 before reversing violently
• A V-shaped peak back to $0.000009082 printed on hourly volume of 32.34 billion
The intraday rally reclaimed the short-term resistance at $0.000009060, indicating stability despite the broader downtrend.
Technical analysis
Dogecoin
Support/Resistance:
• Important support validated in $0.1551
• New support: $0.1638–$0.1640
• Endurance: $0.1650so $0.1680
Volume:
• The peak of 613 million confirms the institutional purchase
• The recovery remains above the reference level, indicating sustained demand
Chart structure:
• Ascending trend line intact
• Higher low pattern reinforces bullish momentum
shiba inu
Support/Resistance:
• Strong support: $0.000009020 (triple defense)
• Endurance: $0.000009240so $0.000009307
Volume:
• Decompose: 412.35B (+67%)
• Recovery: constant high flows between 02:10 and 02:12
Chart structure:
• Daily downtrend intact (lower highs)
• Hourly V reversal suggests short-term stabilization
What traders need to know
- DOGE and SHIB present opposite technical dynamics in the short term despite similar macroeconomic pressures.
- The short-term outlook for Dogecoin is bullish, with continuation favored if the price breaks the $0.1650 barrier, while failure to hold $0.1620 risks a return to the $0.1600-$0.1580 support group.
- Whale accumulation and strong volume defense along the $0.155 to $0.161 zone continue to support the bullish case. Meanwhile, Shiba Inu requires a decisive close above $0.000009240 to confirm stabilization; A fall below $0.000008975 would expose a deeper fall towards the mid-$0.00000870 region.
- The V-shaped hourly reversal is constructive, but the broader daily structure remains fragile until key resistance levels recover.
- Overall, DOGE is showing an intraday bullish rotation, while SHIB is in a tactical inflection, requiring confirmation before a trend reversal can be assumed.
